Associate, Trade Operations
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Overview
Job Description
Income Research + Management
Income Research + Management is a Boston-based, privately owned, fixed income asset management firm. IR+M delivers strong performance and consistent results through a rigorous, bottom-up security selection process and strives to provide best-in-class client service to our 700+ institutional and private wealth clients.
Founded in 1987 and located in the heart of Boston’s financial district, IR+M employs 200+ full time professionals and currently manages $130+ Billion in assets. We offer industry-leading benefits, as well as a challenging, collegial, and rewarding workplace with high levels of employee engagement.
Open Position: Associate, Trade Operations
Job Description:
We are seeking a detail-oriented and highly organized Trade Operations Associate to support the execution, reconciliation, and reporting of trading activity across our fixed income portfolios. This role plays a critical part in ensuring the accuracy and integrity of trade processing, supporting timely settlement, and maintaining strong coordination across internal teams and external partners. The ideal candidate brings a strong understanding of fixed income instruments and trade lifecycle processes, with the ability to operate effectively in a fast-paced, high-accountability environment.
Responsibilities:
- Prepare and respond to month-end reporting and reconciliation requests
- Produce daily and weekly client trade recaps and reporting
- Ensure accurate and timely posting of fixed income trades into the accounting system
- Partner with the Portfolio Management Team to execute proper trade allocations and prevent oversells or overdrawn accounts
- Collaborate with the Cashflows Team to ensure sufficient liquidity to meet client funding and withdrawal deadlines
- Work closely with custodians and broker-dealers to ensure timely and accurate trade settlement
- Investigate and resolve trade breaks, fails, and settlement discrepancies
- Process factor updates, trade corrections, and revisions, including those related to structured products and securitized assets
- Manage daily trade affirmations and communication with custodians and counterparties
- Perform daily and monthly pricing processes, ensuring accurate valuation of fixed income securities, including less liquid instruments
- Contribute to ad hoc projects, process enhancements, and operational improvements
- Process new security setups in collaboration with the I-Team and Data Management
Required Skills and Experience:
- Bachelor’s degree in finance, Accounting, Economics, or related field
- 3+ years of experience in trade operations, middle office, or investment operations within a fixed income environment
- Strong understanding of fixed income products (e.g., corporates, governments, municipals, securitized products) and trade lifecycle processes
- Experience working with custodians, broker-dealers, and trading/accounting systems
- Familiarity with derivatives and structured products is a plus
- Advanced proficiency in Excel; experience with portfolio accounting systems preferred
- Strong attention to detail and ability to manage multiple priorities in a deadline-driven environment
Base Salary: $70,000 - $85,000
Bonus Eligibility This role is eligible for an annual discretionary bonus.
Applicants must be authorized to work in the U.S. for any employer. IR+M is unable to sponsor or assume sponsorship of employment visas.
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